Steel tariffs hurt US industry, Brazilian association says

Steel tariffs hurt US industry, Brazilian association says

Economy & Policy Regulation Politics Brazil Argentina US

After US President Donald Trump said his administration would reimpose tariffs on steel and aluminum imports from Brazil and Argentina, the Brazil Steel Institute said the trade restrictions would also hurt US producers."Such a decision ends up harming the American steel industry itself because it needs semi-finished exports from Brazil to run its mills," the trade association said in a statement.Trump tweeted on Monday morning that he decided to restore the tariffs, "effective immediately," aft

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial